Where News Meets Analysis

Day: March 27, 2019

27 March 2019: To ensure “efficient functioning” and “streamlining the working” of tribunals, the Supreme Court Wednesday sought to know from the Centre within two weeks its view on bringing all the quasi-judicial bodies under one central umbrella body. The top court… Read More ›

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27 March 2019: The Supreme Court Constitution Bench is examining a petition filed by the Madras Bar Association challenging the creation of National Company Law Tribunal and National Company Law Appellate Tribunal under the Companies Act 2013. The constitutional validity of Chapter XXVII comprising Sections 407 – 434 of the Companies Act 2013… Read More ›

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27 March 2019: Ajit Gulabchand-led Hindustan Construction Co. Ltd (HCC) has completed the first litigation funding deal in the engineering procurement construction (EPC) sector in India, with a consortium of investors led by BlackRock Inc. Under the deal, HCC will… Read More ›

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27 March 2019: Dairy major Kwality posted Rs 1,500 crore losses for the quarter ended December, paced by provisions for doubtful debt and advances. Such provisions of Rs 1,415 crore in the quarter reflected the company’s struggles with managing its receivables, as sales declined… Read More ›

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27 March 2019: Shrenuj & Co, the century-old diamond house that had the late Maharani Gayatri Devi of Jaipur as its brand ambassador during its heydays, has been admitted into bankruptcy court. The National Company Law Tribunal (NCLT) admitted an insolvency petition filed by Bank… Read More ›

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27 March 2019: The Supreme Court will hear on Thursday Reliance Communications’ plea seeking permission to withdraw its appeal against initiation of insolvency proceedings by Ericsson India last year. A Bench led by Justice RF Nariman will also hear on Thursday… Read More ›

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